600 Billion Won National Growth Fund Draws Attention as FSC Chairman Joins

The People's Participation National Growth Fund, with a scale of 600 billion won, began sales on May 22. On the first day of sales, the online allocation quickly sold out, attracting significant investor interest. Online sales at some banks, including Shinhan Bank, Hana Bank, and NH Nonghyup Bank, were closed early, showing a trend of rapid depletion.

This fund is available for subscription on a first-come, first-served basis at 10 commercial banks, including IBK Industrial Bank. It offers benefits such as income tax deductions and separate taxation of dividend income. Notably, the structure wherein the government bears part of the losses if the fund incurs losses was a key factor attracting investor interest.

Lee Eok-won, Chairman of the Financial Services Commission (FSC), visited the Government Seoul Building branch of NH Nonghyup Bank to subscribe to the People's Participation National Growth Fund. Chairman Lee stated that the fund will provide citizens with investment opportunities to share in the growth of future strategic industries and serve as a foundation for mutual growth by supplying growth capital to advanced industry companies.